| 125th MAINE LEGISLATURE | ||||||
| LD 834 | LR 1244(01) | |||||
| An Act To Exempt Orthotics from Sales Tax | ||||||
| Preliminary Fiscal Impact Statement for Original Bill | ||||||
| Sponsor: Rep. Knight of Livermore Falls | ||||||
| Committee: Taxation | ||||||
| Fiscal Note Required: Yes | ||||||
| Preliminary Fiscal Impact Statement | ||||||
| Potential current biennium revenue decrease - General Fund Potential current biennium revenue decrease - Other Special Revenue Funds |
||||||
| Fiscal Detail and Notes | ||||||
| Exempting all orthotics from sales tax may reduce revenues to the General Fund and may reduce revenue sharing. Since widely different interpretations of the scope of the exemption could exist under the bill as written, no estimates of revenue impact are made at this time. | ||||||